- The transaction will give Arctos minority stake in AMR Holdings, the team’s holding company
- The transaction is expected to close by the end of the year
- Arctos is a private investment firm
Arctos Partners has agreed to invest in Aston Martin Aramco Cognizant Formula One Team.
Aston Martin Aramco Cognizant Formula One Team is a formula racing team. It is based Northamptonshire, UK.
This will give Arctos ownership of a minority shareholding in AMR Holdings, the team’s holding company.
The transaction is expected to close by the end of the year.
“This investment is consistent with our firm’s strategy, which focuses on backing leading sports brands across North America and Europe,” said Doc O’Connor, Managing Partner, Arctos. “We will provide extensive resources to enhance Aston Martin Aramco Cognizant Formula One Team’s reach and brand, including industry intelligence sourced from our proprietary quantitative research and data science platform.”
The agreement, which was announced on the eve of the Las Vegas Grand Prix, confirms the increasing appeal of the Aston Martin Aramco Cognizant Formula One Team during an unprecedented period of growth and popularity of F1 especially in the US, according to a release.
Arctos is a private investment firm with offices in Dallas and New York. It is the first and only professional investment platform approved to invest in multiple franchises across MLB, NBA, MLS, NHL, and European football, among other sports, the release said.
The Raine Group served as exclusive financial advisor to Aston Martin Aramco Cognizant Formula One Team.